🚀X-energy's Nuclear Reactor IPO Aims for $16-$19 per Share
Amazon backs X-energy's nuclear reactor IPO
TL;DR
X-energy's nuclear reactor startup is going public with a target price of $16-$19 per share. Amazon is one of its biggest backers, having invested $500 million in the company.
X-energy, a nuclear reactor startup backed by Amazon, has set a target price range for its upcoming IPO between $16 and $19 per share. If listed at the high end, X-energy could net around $814 million. The company's reactor uses TRISO fuel design, which is expected to be safer than previous arrangements. However, X-energy is embroiled in a patent dispute with Standard Nuclear over fuel fabrication patents. Despite this, investors have put about $1.8 billion into the company, according to PitchBook. Several small modular reactor startups are racing to meet a deadline of July 4 set by the Trump administration.
Key Points
Target price range: $16-$19 per share
Potential revenue: up to $814 million if listed at high end
Amazon's investment: $500 million in Series C-1 round
Why It Matters
For tech leads and engineering managers, X-energy's nuclear reactor startup is an example of how innovation can be driven by large investments. Amazon's backing of the company highlights the potential for partnerships between tech giants and startups.
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